Development Of Digital Economy Research Articles

Digital economy, innovation, and firm value: Evidence from China

In this study, we investigate the impact of the digital economy's development on corporate innovation and value, utilizing data from listed firms in China spanning the years 2011 to 2018. Our findings reveal a positive correlation between digital economy development and corporate innovative activities, particularly pronounced in growth-stage firms, labor-intensive enterprises, and companies in underdeveloped regions. To establish a causal relationship, we employ a quasi-experimental approach utilizing the “Broadband China” pilot program. Through a difference-in-difference framework, we establish a causal link between digital economy advancement and increased innovative activities. Furthermore, our research underscores that digital economy development enhances firm value by promoting innovation. These results support the view that the digital economy plays a pivotal role in increasing firm value and fostering sustainable development in the overall economy.

Comparative Study on the Digital Economy Development Based on TOPSIS Comprehensive Evaluation: A Case Study of the Middle and Lower Reaches of the Yangtze River

Promoting the digital economy in the middle and lower reaches of the Yangtze River can not only boost the development of e-commerce, energy science and technology and other industries, but also pave the theoretical way for the digital economy development in various regions, so as to further provide an important practical basis for achieving high-quality economic growth. In this paper, seven provinces in the middle and lower reaches of the Yangtze River are taken as the research objects. Meanwhile, the development and different trends of the digital economy in each region are quantitatively analyzed and compared to propose suggestions for better development of the digital economy in the middle and lower reaches of the Yangtze River. On this basis, this paper first constructs the evaluation and measurement model of the digital economy development, and then gives the weights to the relevant indices through the analytic hierarchy process. After that, the regions in the middle and lower reaches of the Yangtze River are scored and compared via the TOPSIS comprehensive evaluation, which identifies that the mobile phone penetration, the number of Internet broadband access ports and the telecom business income are vital indices to accelerate the digital economy development. Finally, this paper argues that governments should increase investment in digital infrastructure construction and promote the deep integration of digital technology and industry.

IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY ON THE DIGITAL ECONOMY

Purpose. The article explores the impact of Information and Communication Technologies (ICT) and their role and place in the dynamics of the digital economy. The aim of this research is to assess the impact of the digital economy on GDP per capita in EU countries. Methodology. Analysis of ICT as a key factor in enhancing economic growth through the implementation of digital technology opportunities. Panel data from Eurostat and the World Bank covering EU countries from 2014 to 2021 were used for analysis. A correlation analysis was then conducted between variables, and the model was relevant for forecasting. Results. The number of studies on the impact of Information and Communication Technologies on the economic growth of countries has increased in recent years. However, there is still no assessment of the real GDP impact on the level of household Internet access in the EU area. Studying this gap in the literature allows us to draw conclusions about the implications for stakeholders regarding more effective implementation of the digital agenda. Scientific novelty. The digital economy, measured by Internet, mobile phone, and fixed broadband access, influences the economic growth of a country. This, in turn, depends on the level of technology measures covering the digital economy. ICT positively influence the development of countries' economies and can be used as tools by stakeholders. These agents should generate policies that enhance ICT technological infrastructure, digital empowerment of the population, and greater access to ICT. The GDP level model is presented as a function of Internet access for households in the EU area along with a short-term forecast for this index. It is shown that investments in ICT infrastructure are indispensable for the development of a strong knowledge- and digital technology-based economy. Practical significance. The research results will help in identifying opportunities and levers of influence for governmental institutions and other socio-economic systems on the impact of digital economy development processes on GDP per capita in EU countries.

Can digital economy development contribute to urban carbon emission reduction? - Empirical evidence from China

In the context of global digitalization, fostering the expansion of the digital economy holds immense importance in promoting energy efficiency and reducing emissions. Utilizing a sample of 281 prefecture-level cities in China from 2003 to 2019, this research analyzes the impact of the digital economy on urban carbon emissions in China. This study employs various methods, including principal component analysis, fixed-impact model, and mediating effect model. Based on the research findings, the development of the digital economy has the potential to significantly reduce carbon emissions in metropolitan areas. Moreover, these effects are especially noticeable in cities located to the east of the Hu Huanyong Line. These cities are characterized by limited reliance on resources and a high level of marketization. Further research reveals that promoting technical innovation and modernizing industrial structures can reduce the intensity of carbon emissions in metropolitan areas. This study provides empirical evidence supporting the effective reduction of carbon emissions in developing countries during the evolution of the digital economy. It acts as a crucial cornerstone for guiding policies and executing strategies aimed at fostering top-tier economic development in the future. The findings of this study confirm the inhibitory effect of the digital economy on urban carbon emission intensity. However, this study has limitations in data samples, research scope, and depth of mechanism analysis, which prevent a full exploration of the spatial spillover effect of the digital economy and other factors. Therefore, the conclusions drawn in this study can only provide empirical evidence for identifying the relationship between the digital economy and carbon emission intensity to a certain extent. Future research should aim to expand on these aspects.

The Impact of Digital Economy on Corporate Green Technology Innovation

In the context of high-tech innovation, digital technology, as an important driver of China's comprehensive deepening of reforms and the completion of the "14th Five-Year Plan", plays an important role in China's future industrial structure upgrade and social development. As a new form of economy, the digital economy is based on high-tech information technology and digital industry. With the development of the digital economy in recent years, it now occupies an important position in the global economic ecology, especially in China. In recent years, the central government has continuously The development of digital economy was mentioned in all four economic work conferences. The development of the digital economy further deepens corporate green technology innovation.

Digital economy development and venture capital networks: Empirical evidence from China

This paper examines the impact of digital economy on urban venture capital (VC) networks constructed from 44,122 inter-city VC events involving 285 cities in China from 2011 to 2019. Specifically, digital infrastructure, digital industry development, digital innovation capacity and digital inclusive finance are identified as four critical dimensions of digital economy. Further, panel regressions reveal that digital economy plays a pivotal role in facilitating the flow of VC resources, and thus positively influencing the agglomeration, radiation, and intermediation of cities embedded in the inter-city VC networks. Further, the results show heterogeneity in the focal impact of digital economy. First, it is stronger in central cities. Second, it follows an inverted-U shape, with the maximum effect observed at approximately 550 km distance between start-ups and investment centers. Third, digital economy has a stronger impact at the seed and start-up stages than at the expansion and maturity stages. These findings have implications for policy-making concerning the development of digital economy and the strategic planning of urban VC networks.

Technology Transformation, Innovation, and Digital Economy Development in Developing Countries

The COVID-19 pandemic is a gateway for businesses to develop technology and embrace digitalization to remain competitive. Various results stated the important role of innovation and technology transformation as potent weapons for survival in this evolving landscape. This research analyzes the role of technology and innovation, especially in developing countries, with few articles researching this field. A systematic literature review that examined 84 articles from reputable international journals was used, with a particular emphasis on developing countries. This research aimed to conduct a comprehensive analysis of existing literature by using the keywords “technology”, “innovation”, and “digital economy” to identify gaps and generate fresh insights. The articles were collected from ProQuest, Google Scholar, and Scopus search engines and imported into Mendeley software for analysis using VOSviewer. The visualization results showed that SMEs were the most frequently mentioned keyword with 41 occurrences. This research contributed by providing opportunities in the form of new paths and variables rarely used for further analysis. There were also implications for organizational management, both in profit and non-profit organizations, to enhance technological capabilities, thereby improving business efficiency and sustainability.  

Obligations of the Confidential Agent under Non-disclosure Agreement

It is established that analysis of obligations the party receiving access to the information under Non- disclosure Agreement comprehensively contributes to the effective fulfillment of terms of such deal. It is analyzed legal status of the receiving party in respect of its contractual obligations. It is determined that the adoption of the Law of Ukraine “On Stimulating Development of Digital Economy in Ukraine” will generally facilitate the spread of the practice of NDA applying even outside the legal regime of Diia City. It is established that ensuring of confidentiality of information transferred under Non- disclosure Agreement is the main duty of the Confidential Agent. It is determined that it’s possible to keep information confidential both by means of active actions and passive inaction. It is concluded that the obligations to protect information should be kept by the receiving party even after the termination of NDA. It is determined that the Confidant shall not disclose confidential information without prior written consent of the other party of the Agreement. It is analyzed the procedure of interaction between the parties of NDA in case of receipt by the Confidential Agent of requests from authorities or institutions for disclosure of confidential information. It is established that it is important for the receiving party to inform the Confidant about cases of loss or disclosure of information contrary to the terms of Non- disclosure Agreement. It is proved that informing the Confidant about circumstances of loss or disclosure of information significantly contributes to minimization of potential risks for the disclosing party of NDA. It is determined that the Confidant shall unconditionally delete the information protected by Agreement as well as material carriers of such information in the event of termination of NDA or in case of a request from the Confidant. It is analyzed obligation of a Confidant to use transferred information exclusively for the purpose established by the relevant Non-disclosure Agreement. It is proved that the obligation to be liable for breach of Agreement is an important way of ensuring of interests of the disclosing party of Non-disclosure Agreement.

Digital Economics in Indonesia: Development and Research Trend

The development of the digital economy in Indonesia is driven by various factors, including the increasing use of technology in various sectors of the economy, the growth of e-commerce and digital payments, and government policies aimed at encouraging the digital economy. This study aims to determine the extent of the development of research on the theme of Digital economy in Indonesia. The results of the study show that the number of research publications related to this topic is 490 journal articles indexed by Dimensions. In the development of research related to Digital economy in Indonesia based on bibliometric keyword mapping, it is divided into 4 clusters with the most used words are technology, industry, economy, government, role, country, community, system, innovation, covid, and service. Based on the keywords that are often used, it can then be grouped into 4 research map clusters with topics that discuss: (1) Application of the Digital Economy in Rural Areas; (2) Competitiveness of MSMEs and Digital Transformation; (3) Economic growth and Digital Economy Development; and (4) Digital Economy and Pandemic Covid-19.

New evidence on the real role of digital economy in influencing public health efficiency

In recent years, the rapid advancement of digital technology has supported the growth of the digital economy. The transformation towards digitization in the public health sector serves as a key indicator of this economic shift. Understanding how the digital economy continuously improves the efficiency of public health services and its various pathways of influence has become increasingly important. It is essential to clarify the impact mechanism of the digital economy on public health services to optimize health expenditures and advance digital economic construction. This study investigates the impact of digital economic development on the efficiency of public health services from a novel perspective, considering social media usage and urban–rural healthcare disparities while constructing a comprehensive index of digital economic development. The findings indicate that the digital economy reduces the efficiency of public health services primarily through two transmission mechanisms: the promotion of social media usage and the widening urban–rural healthcare gap. Moreover, these impacts and transmission pathways exhibit spatial heterogeneity. This study unveils the intrinsic connection and mechanisms of interaction between digital economic development and the efficiency of public health services, providing a theoretical basis and reference for government policy formulation. However, it also prompts further considerations on achieving synergy and interaction between the digital economy and public health services.

The impact of the digital economy on sustainable development: evidence from China

This research investigates the intricate interplay among the digital economy, green innovation, and the level of sustainable development. Panel data from 268 cities in China, from 2011 to 2020, are used to comprehensively evaluate the level of digital economy development and investigate the digital economy’s influence on sustainable development. Additionally, a mechanism analysis is used to investigate the contribution of green innovation. The findings suggest that the digital economy significantly stimulates sustainable development, and green innovation serves as a mediating intermediary and moderating effect in facilitating this relationship. Moreover, the robustness check extends the verification of the positive effect of the “Broadband China” policy on sustainable development, strengthening the reliability of the results. The contribution of this study provides management insights on how regions can promote sustainable development in the digital age.

Digital Economy: Türkiye’s Development Trends

This approach enables a comprehensive exploration of the digital economy's development trends in Türkiye, covering various sectors and dimensions. The article examines the current state of digital infrastructure, technology adoption, and related policy initiatives in Türkiye, and discusses the challenges and opportunities presented by the digital economy, with a particular focus on job creation, economic growth, and competitiveness. The aim of this article is to examine the development trends of the digital economy in Türkiye, highlighting the key factors that contribute to its growth and competitiveness. Türkiye has made significant strides in developing its digital economy, with investments in digital infrastructure, technology adoption, and policy initiatives aimed at fostering growth and competitiveness. The article also highlights the importance of addressing the digital divide and promoting digital inclusion, also ensuring data privacy.

Impact of digital finance on corporate green innovation: Exploring role of land resource misallocation in China

Within the framework of the new development concept, achieving green technological innovation (GTI) in enterprises through green-oriented and innovation-oriented systems has become a crucial step towards promoting the transformation towards sustainability and innovation-driven development. Furthermore, digital governance has emerged as a powerful catalyst for China's economic and social progress, offering fresh opportunities to enhance the country's level of GTI. Given this, we investigate the influence and mechanism of digital finance on developing environmentally friendly innovations inside A-share listed firms in Shanghai and Shenzhen between 2011 and 2020. The study reveals that digital inclusive finance (DIF), in terms of its reach, level of utilization, and extent of digitization, has a substantial positive impact on GTI. It indirectly stimulates such innovation by exacerbating the imbalance in land resources mismatch. DIF plays a more pronounced role in driving GTI in the eastern and central regions, non-resource cities, second-tier cities, and cities with a higher level of digital economy development and implementation of the broadband China strategy. Digital governance facilitates the efficient implementation of digital finance and fosters a conducive external environment and internal drive for businesses. It offers valuable perspectives on the role of digital finance in China's economic transformation and underscores the significance of digital governance in promoting green technological innovation and economic progress.

A Bibliometric Review on the Digital Economy and Economic Growth Scholarship: Based on CiteSpace Software and WoS Database

In current academic and practical realms, there is a growing focus on exploring the correlation between the digital economy and economic development. Despite this heightened attention, a notable absence of systematic reviews analyzing this nexus exists. To address this gap, a comprehensive literature review, incorporating bibliometric and scientometric analyses, is imperative. Utilizing the Web of Science (WoS) database and CiteSpace (6.2.R4(64-bit)Advanced), we conduct an in-depth analysis of the digital economy and economic development research over the past two decades. The main results are as follows: Major contributors include universities and government departments, with notable input from Ukraine, Russia, and China. Collaborations are primarily country-based, and transnational groups are infrequent. Future research should explore digital technology's role in sustainable development, the catalyzing impact of digital innovation on emerging industries, the digital economy's influence on social inequality, and digital transformation.

Impact Of Digital Economy On Carbon Emission Intensity

The rapid and widespread development of digital economy has given renewed impetus to efforts to peak and reduce carbon emissions, and has heralded significant changes in the energy sector. In this paper, panel data of 70 major countries from 2010 to 2019 are selected as samples, and an indicator system is constructed to measure the level of digital economy development in each country using the entropy weight method to study the development status of digital economy development and carbon emission intensity in each country. This research utilizes a regression model incorporating curve moderating effects to investigate how the carbon emission intensity is influenced by the digital economy, while also considering the moderating influence of foreign direct investment (FDI). The findings unequivocally confirm the presence of a noteworthy U-shaped relationship between the digital economy and carbon emissions. As the digital economy progresses, it moves from supporting to reducing carbon emissions. Improving FDI plays a critical part in regulating the digital economy's relationship to carbon intensity. The shape of the curve is flattened by the moderating effect of FDI. Based on the obtained conclusions, the paper puts forward targeted recommendations in order to curb carbon emissions and further improve the ecological environment.

Research on the Development of Digital Cultural and Creative Industry under the Background of Metaverse

The "Three Year Action Plan for the Development of Digital Economy in Jiangxi Province" clearly requires the implementation of a support plan for digital cultural and creative design projects, with a focus on supporting the development of digital cultural and creative enterprises, and building provincial-level digital cultural and creative industry demonstration bases. With the rapid development of blockchain technology and Internet applications, the digital economy has become a hot topic in today's era. Digital collectibles, as an important emerging industry in digital cultural and creative industries, are also developing rapidly. Studying the factors influencing user purchases of digital collectibles plays an important role in the industrialization and efficiency of digital cultural and creative industries. This study hopes to contribute to the realization of the vision of Digital China. This article takes the willingness of users to purchase digital collectibles in the context of the digital economy as the research object. Through a combination of online questionnaires and offline interviews, the influencing factors of Chinese netizens' willingness to purchase digital collectibles are investigated, and the contact and use of digital collectibles by Chinese residents are collected. At the same time, the collected data will be summarized, classified, and descriptive statistics will be conducted, combined with various analysis methods such as cross analysis, reliability analysis, and validity analysis. At the same time, relevant models will be established to analyze the degree of exposure and use of digital collectibles by Chinese residents, as well as the influencing factors of their selection.

Evaluation and Innovation of Methods for Measuring the Development Level of Urban Digital Economy

 With the continuous development of Internet technology, the digital economy has become a new engine of contemporary economic development. In particular, on March 12, 2021, China released the "14th Five Year Plan" and the Outline of Vision Goals for 2035, clearly proposing to "create new advantages of the digital economy". Based on this background, this article first analyzes and evaluates the mainstream methods for measuring the development level of the digital economy in China and foreign countries. It is found that the current measurement methods and indicator selection vary greatly, and the accuracy and credibility of the measurement are questionable. Therefore, this article proposes to use Data Envelopment Analysis (DEA) method to measure the level of digital economy development in Chinese cities, and elaborates on its rationality.

Corporate digital transformation, internal control and total factor productivity.

Based on Resource-based theory and Internal Control (IC) theory, this study elucidates the impacts of corporate digital transformation on total factor productivity, and IC effectiveness, as well as the mechanism among digital transformation, IC and total factor productivity. The results show that digital transformation promotes total factor productivity and IC effectiveness. And effective IC has a significant mediating effect for the impact of digital transformation on total factor productivity. Heterogeneity discussion shows that compared with high-tech enterprises, in non-high-tech ones, digital transformation increases total factor productivity, and more significantly enhances IC effectiveness, presenting a mechanism that digital transformation facilitates IC, and increases total factor productivity. For non-high-tech enterprises, with higher heterogeneity of executive education backgrounds, digital transformation promotes IC effectiveness and total factor productivity, showing the transmission effect among digital transformation, IC and total factor productivity. Finally, it is suggested that the regulatory authorities advance digital infrastructure construction, to reinforce IC and risk prevention, thereby increase total factor productivity. And enterprises grasp the opportunity of digital economy development, promote the mechanism that digital transformation facilitates IC effectiveness, and increases total factor productivity. Non-high-tech ones motivate digital elements' governance efficacy, optimize executive structure, coordinately promote digital strategy, and help the national economy acquire high-quality development. The study provides enlightenments to achieve high-quality development.

The Impact of the Digital Economy on Total-Factor Carbon Emission Efficiency in the Yellow River Basin from the Perspectives of Mediating and Moderating Roles

China’s digital economy has been expanding rapidly in the past decade. This expansion is having a profound impact on the country’s economy. Using panel data on 97 prefecture-level cities in the Yellow River Basin from 2011 to 2020, this study investigates the multifaceted relationship between the digital economy and total-factor carbon emission efficiency. The research yields three key findings: (1) The digital economy positively enhances overall carbon emission efficiency. This conclusion is drawn with robustness tests. (2) Green technology innovation serves as a partial mediator between the digital economy and total-factor carbon emission efficiency, and this mediation role is influenced by government intervention, which negatively moderates the relationship between the digital economy and green technology innovation but positively impacts the mediation role of green technology innovation between the digital economy and total-factor carbon emission efficiency. (3) The positive impact of the digital economy on total-factor carbon emission efficiency is more significant in the upper reaches, lower reaches, and resource-based cities of the Yellow River Basin. These findings provide new perspectives and empirical evidence for better understanding the relationship between digital economy development and total-factor carbon emission efficiency. They also provide policy recommendations for achieving strategic objectives, including digital economy development, carbon emission reduction, carbon peaking, and carbon neutrality.

Digital economy and urban green development: A quasi-natural experiment based on national big data comprehensive pilot zone

As the engine of economic growth in the modern age, the digital economy plays an indispensable role in boosting the green development of cities. In this research, the difference in difference model and the spatial Durbin difference in difference (SDMDID) model are utilized to empirically examine the influence of digital economy on urban green development by employing the national big data comprehensive pilot zone as a quasi-natural experiment. In addition, its mechanism of action is further investigated from the standpoint of industrial structure upgrading, technical innovation, and human capital. The findings demonstrate that the degree of urban green development has consistently increased over the research sample, and there were clear disparities across areas; the implementation of the national big data comprehensive pilot zone has a significant role in promoting the green development of cities, and the policy effect on central cities and small and medium-sized cities is significantly higher than that of other types of cities; SDMDID model research found that the implementation of the national big data comprehensive pilot zone has a spatial effect; the mechanism test shows that the implementation of the national big data comprehensive pilot zone can promote the improvement of urban green development by promoting the upgrading of industrial structure and improving the level of technological innovation, while the mechanism of human capital has not yet emerged.